Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Aggregate wealth of high net worth individuals declined overall in 2011 due to market volatility, report says

Monday, June 25, 2012

Benedicte Gravrand, Opalesque Geneva: The overall financial wealth of High Net Worth Individuals (HNWI) decreased slightly all around in 2011 (except for the Middle East). This general decline of 1.7% (to US$42tln) is the first since 2008, a year when HNWIs lost 19.5% of their wealth. Another shift that took place in 2011 was in the distribution of wealthy people, as indeed, Asia-Pacific became the largest HNWI region for the first time.

These are some of the findings of the 2012 World Wealth Report (WWR), just published by Capgemini, a global consultant, and RBC Wealth Management, one of the world’s top 10 largest wealth managers. The report offers insight into those with $1m or more to invest.

In 2011, the Asia-Pacific and North American regions levelled in terms of numbers of HNWIs and in terms of wealth. The number of HNWIs in Asia-Pacific expanded 1.6% to 3.37 million, making it the largest HNWI region for the first time, surpassing North America’s HNWI population of 3.35 million.

However, North America remains the largest region for HNWI wealth at $11.4tln compared to $10.7tln in Asia-Pacific.

George Lewis, Group Head at RBC Wealth Management said: "It is significant that for the first time this year there are now more high net worth individuals in Asia-Pacific than in any other region......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass